There are many reasons to have a company instead of running your business as yourself, but the most often stated primary reason is to protect yourself personally. The “corporate veil” is what protects the
individuals who own a company so that liability can only attach to the company itself, and not to the owner(s) of the company.
In law, a company is just like a person in that it can sue and be sued. The company’s assets and liabilities are different from the owner’s assets and liabilities.
Allison Legal understands the issues regarding private aviation because we’ve been through the same licensing, testing, and training requirements you have.
Legal advice to aviation clients on a broad range of matters arising in the course of ongoing operations and aviation issues, including:
- Aircraft and engine lease arrangements
- ACMI (wet lease) arrangements
- Aircraft charter arrangements (both short-term and long-term)
- Aircraft conversion agreements
- Maintenance agreements
- Risk management
- Regulatory compliance matters, including matters with the FAA and NTSB
The stakes are always high, and the financial consequences can be enormous in aviation disputes. Allison Legal is your strategic litigation partner to assist in arriving at the best solution to these disputes.
Why is this important? Two reasons:
- If you are a company owner, it is in your personal best interest to ensure your company is properly structured and governed, or you are potentially risking your personal assets in the event of liability.
- If you are bringing a legal action against a company, it is in your best interest to understand whether the company’s corporate veil may be pierced or not.
With over 25 years of corporate formation, management and governance experience, Allison Legal has dealt with all such corporate governance matters, including mergers, acquisitions, liabilities, and piercing corporate veils.
For your free, confidential case evaluation,
please call Wayne Allison at
1-405-418-6727
